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We support and promote free and fair trade in a global economy.

Businesses need a level playing field to compete in the global economy. Since 96% of the world’s consumers – accounting for 67% of global purchasing power – live outside the United States, the Chamber supports trade agreements that give businesses the same access to international markets as their competitors so they can compete in today’s complex world markets.

Bill: Trans-Pacific Partnership AgreementLast Action Date: No action in Congress, 90 days to act once bill is introducedStatus: Final Proposal Signed 2/4/16, Must be Ratified by 12 Signatory Nations including the U.S. CongressDescription: Broad trade deal that would eliminate 18,000 tariffs in foreign signatories: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States. These tariffs are taxes on manufactured goods or agricultural products produced in the member countries. TPP also provides common protections for intellectual property and the environment within the free trade zone. Opponents are critical that it would lead to an erosion of U.S. manufacturing jobs and/or agricultural production and that it does not do enough to protect intellectual property but a final draft of the proposal is not currently available for review. Supporters point to increased pressure the deal would place on China with surrounding TPP members along with the expected rise in GDP.

Bill: Transatlantic Trade and Investment PartnershipStatus: Currently being Negotiated with an Anticipated Finalization Date of 2020Description: TTIP is a proposed trade agreement currently being negotiated between the European Union and the United States. US negotiators consider TTIP to be a companion piece to the Trans-Pacific Partnership Agreement.